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Home My WebLink About0780 , 3. To plac~ and continuwsly keep on ths buiidin~s ~ow w hereaftN ~ituah on said Isnd and on all cquipment and psrsonally tovered by this motl¢ sge, with all premium~ ~hc~eoe? pa~d in full, tire insurance in the usual standard policy form, in a sum approved by 1he MORTGAGEE, and windstam insurartc~ in tM usw) ~tandard pol~q Fam, in a sum approved by the JNORTGAGEE, in ~uch comps~y w canpan~es +s 1he MORTGAGEE rrNy diretfp and al) tirs and windslorm inswsnce policies on anY of said build~nps, any interest there~n w part thereof, in the apgreya~e sum afaesaid or In exteu thc~eof, shall contain the usvsl standard mortgagee tlause w such other clause as the Matgagee may rcqv~re, making the lou under sa~d poli- cies, esch and every, payabls to said MORTGAGEE ~s its in~erest may ~ppear, snd each and overy s~ch policy thali be promptly ass:gned a~d del~vered to •ny hsid by uid MORTGAGEE as further socurity to iaid mo?tgage dcbt, and, rat less ~han ten (10) days in advance of the expiration of each policy, to d~- liver to ~aid MORTGAGEE s renewal ~hereof, toge~Mr with a receipt fw the premium ot such renewal; and there shall be no f~re or wi~dstam ir+surance placed on s~y of uid buildings, ~ny interat therein or part theroof, unless in tF?e form and with thtr lou payable as afwesaid; ~nd in the eve~t any tum of money becomes payable v~de~ such policy w policies said MORTGAGEE shall Mvs the option to receive and apply the same on accounl of tha indebted- ness =ccured hereby ur to permit said ~AORTGAGORS 1o receive +nd use it w any pa~t thereof tor ofhcr purposes, witho~t II19fEDJ wa+vi~y o~ impair• ing ~ny equity, lie~ or riyht under ot by virtue of this malgage; tnd in the event said MORTGAGORS shall fa any reason Fail to keep the said premius so ~ inaured, or fail to deliver pramptly any ot said policies of insurante to said MORTGAGEE, u fail promptly to pay fu~ly any pranium therefw or in any respett fail fo patorm, discharge, execute, e((ect, complete, comply with and abide by this tovenant, ar a~y part hereof, said MORTGAGEE may p~ste and pay fa such insurance or any parf thertof without waiviny w ~ffecting any option, lien, equity, o~ right unda w by virtue of this Mwtgage, and iht full amouM of each and eve~y tuch payment shall be immediately d~e and payable snd shall bear inre~esl from the date fhereof ~n~il Naid at the rate ot n~ne pet csntum pe~ annum end together with suth intaest shall be secured by the lien of lhis mortgage. 4. To permit, commit or suffer no waate, {mpsirment or deterioration of ~aid property w any part the?eof. S. To pay all and sing~lar the cosh, charges ~nd expenus, incl~ding a reasonabte attaney's fee and cos~s of abstracta of title, incvrred w pa~d at any time by said MORiGAGEE, becavse w in the event of the faiture on the part of ~he said MORTGAGOR to duly, promptly and futly periorm, d~xhargq executs, effect, complete, comply with and ab~de by each and every the stipulations, agreements, condition~, and covenants of said promissory r?ote and this ,nortgage any or e~ther, and said costs, charges and expenses, each and every, shall be immediately due and payable; whe?he~ or not there be notice dr mand, attempt to collect or suit pending; ~nd the full amount of eath and every svch payment shall bear interesl from 1he date thereof u~til paid at the ~are of nine per cemum per-annum; and all said costs, charges and expenses incurrsd w paid, together y~rith such interest, thall be secured by the lien of tha mortgage. 6. Tha1 (s) in the event of any breach of this Mortgage o~ defaull on the part of the MORTGAGOR, or (b) in the eve~t any of said sums of money herein referred to be not p~omptly and fully paid within thirty (30) days next after Ihe same severatly become dve and payable, wilhout demand or nmice, ~ er (c) in the evenf each an.~ every the atipulations, sgreements, conditions and cove~ants of sa;d promiuory note and th~s mortgage any or either sre nol iuty, promptly and fully perfwmed, dixhar9ed, executed, effected, completed, compl~ed with and abided by, then in either w any tuch event the s~~d aQ gregate sum mentioned in said promissory note lhen remaining unpaid, with interest aarued, and all moneys secured hereby, shall become due and p~y- able fwthwith, w thereafter, at the option of said MORTGAGEE, as fully a~d completely as if all of the said sums of money were aginally stipu~ated ro be pald o~ such day, anything in said promiuwy note a in this M~xtgage to the contrary notwithstanding;~and thereupon or thereafter at the op~~on of said MORTGAGEE, without notice or demsnd, suit at law w in equity, therefwe w thereafter begun, may be proxcuted as if all moneys secursd hereby had matured pt~or tc its institution. i 7. That in the event that at the beginning of or at any time pe~ding any svit upon this Mo.tgage, or to foreclose it, or to reform it, w fo enforce payment of any claims hereunder, said MORTGAGEE sMll apply to fhe Court having jurisdiction thereof tor the appointment of s Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singular, inctud~ng al~ and singular ~he income, pro(its, issues and revenYes trom whsterer wurce derived, each and every of wh~ch, it being expressly understood, is hereby mwtgaged as if speuiicafly set for~h'and deuribed rn the gra~ting and habendum clauses F?ereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrysted by a Cour1 to a Receiver, and ~ :uch appointment shall be made by such Cou~t as an admincd equity and a matter o( abwlule t~9ht to said MORTGAGEE, and without reference fo the i adequacy w inadequacy ot the value of the prope?ry mortgaged or to the sowency w insolvency of wid MORTGAGOR or Ihe defendants, and that such rents, profits, income, iuues and revenues shall be applied by such Receive~ according to 11u lien w equity of said MORTGAGEE and the practice of such ~ CouA. 8. To duty, promptly and fully Rer~orm, discharge, execute, effect, mmplete, comply with and abide b~ each and every the stipulations, agreements, condifans and covenams in sa~d promissoqr note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premius, a any part thereof, becomes vested in a person other fhan the AM1ORTGAGOR, the ?AORTGAGEE, its successors and auigns, may, wethout notice to the MORTGAOR, deal with such succeuw w successa in interest with reference to this mortgage and tF~e debt hereby setured in the same manner as with Mcrtgagor without in any way vitiating or discharging the Mortgagors' liability hera under u upon the debt hereby sec~red. No sale of fhe premises hereby mortgaged and no forbearance o~ the part o( the MORTGAGEE w its sutcessors or assig~s and no exrens~o~ of the time for the payment of the debt hercby secured given by the MORTGAGEf or iri succeuors w assigns, shall operate to releau, dixharge, modify change or affect the original liability of the MORTGAGOR herein, tither in whok w in part. 10. h is spec~fically agreed that time +s of the esu~ce of fhis contract and thst no waiver of any obli9at~on hereunder w of the obligstion se- - cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add:tio~ to the forego:ng montF~ly paymsnts of princ'pal and interest required by ihe promiszory ~ote secured hereby, mwtgagar covenants and agrees ro pay to mortgagee with each monthly payment a~ add~~ional sum estimaled by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agai~ist the above described real estate. B-Premiums on fire and windstorm insurarxe aa herein requ~red to be wrried on the improveme~ts situate on the above described premises. C-Premiums on suc~i mortgage guaranty insurance as mwtgagee shail from time to time deem fit to carry on the loan secured hereby. Mortgagee shatl irom time to time ratify mortgagol'ih writing of the amount due and payable hereunder and such sum shall ihereupw~ be due and Fayable on the due date of the nezt monthly payment and each successive month thereafter urtil mortgagce shall notefy mortgagor of a change in such amo~nt. Such sums sNail be applied by mortgagee toward the pay~neM of real property taxes, insurance prem:ums, and mortgage guu~Y~~ jnwnnce premium3. ' ° ` , ' ~ ~ ~ f IN WITNESS WHEREOF, the said N10RTGAGOR has hereuMO set his hand and seal the y year first af esaid. ~ 1~= fi.. ` ~ ,~r ~ I Signed, Sealed and defive?ed in the preser?ce `G J;• r2 z C 0~2~ j7 ONST ~CT M~ f~ a E t ' ' . .~~~'TTv . ~ . ~ ~ ~ _ , . . . . en amin . e ~ 19OJOg ATTEST : ' • ` ` ~ q € - ar e s . . ~~a~ ` . , ' --is~~-9 t ee~~--v ~==--,-~s"q ~ - '~u-1~e 3 w, 9 . ~ ~ ^^~,c, ~s ~ STATE OF FLORIDA COUN~y ~T. WCIE j :"ill: ~ :~,`."fT C~URT FebruarY , A.D. 19 , I HEREBY CERTIFY, Thai on this d~y `o`f ~ before me personally appeared Benjamin H. Weitz~an and Charles R. P. Brorrn ~ respectively as President and Secretary , of i ~ ~ ~ Hale Construction Corp. ~ a Florida Corporation, to me ~ ~ - ~ . = known to be the persons described in and who executed the foregoing instrum@nt~~t~~F~t,~.ye.rally acknowledged the exe- a;, a cution thereof to be their free act and deed as such officers for t e uses an . , i , ~ affixed thereto the official seal of said corporation, and the said instrumenf -j3. t~e. ad •end:'deed of said corporation. ~ WITNESS my hand and official seal at Fort Pierce ~~t~ said~ooun a ftate. ~ _ This instruQent prepared by _ " ~ ~ J. D. Chastain ~ First Federal Savings and Loan Notary Public, in~. ~ f. #atgcal~CF County aforesaid. _ Association of Fort Pierce, Florida My Commission ~xpi~e„~: ~=,~9/7~ j;re: a„++" ;''r ~ :s ~ ~ ~v Checked By 'i:~ DOUT lf1llC r '_'r ;~-r ~ • f _ ~ * - - _ _ _ - : y~~_.._ . :